Tether Prints Another 60M USDT to Boost Choppy Bitcoin Markets. Japan crypto exchange regulation; Steuerersparnis; Bildungsurlaub; Qualifizierungschancengesetz; Bildungsscheck; BAföG; Bitcoin exchange market volume; Bitcoin exchange guide news team; Should i invest in bitcoin india; Sonstiges; Unser Standort. Paxos Gold was launched in 2019. Yet, most USDT coins are issued on Omni protocol. more. Paxos, the company behind PAX, has a charter from the New York State Department of Financial Services, which allows it to offer regulated services in the cryptoasset space. The token is issued by the Paxos Trust Company and has been approved and regulated by the New York State Department of Financial Services. Ethereum News 1 day ago Bitcoin Less Risky Than Tesla, Ethereum at USD 10,500 + More News … It’s designed to serve 400+ million online … You can find others listed on our crypto exchanges page . ERC-20 stablecoin, backed by USD. Tether USD. PAX transfers involving the alleged crypto ponzi MMM BSC, an offshoot of the MMM Global scheme launched by Sergei Mavrodi in 2011, peaked at almost 16,000 transactions in late May.This problem isn’t a PAX-specific one, however, as 80% of USDT issued on the Tron blockchain (which is just a sliver of outstanding Tether volume) is … Explore PAX Gold Business. You will be able to purchase PAX with either Ethereum or NEO. Paxos Standard is regulated crypto asset. Tether has nothing on PAXOS, and I don'�t get how people aren't using this. Stablecoin issuer PAXOS recently introduced its first gold-backed cryptocurrency PAX Gold. How do I add the PAX token to my ETH wallet? Mar 18, 2020 10 months ago. The concept of PayperEx is simple and revolves around your interests, enabling each one of you to be a part of the share market. The issuer creates the equivalent amount of PAX using PAX smart contract. If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to … Downloading the app allows you to access the full Crypto.com ecosystem. Give yourself peace of mind by knowing that your cryptocurrencies are safe. This is one of the reasons Binance became very popular as a non-fiat exchange by sidestepping all that verification - though they are now starting to offer fiat pairs on their platform. Unlike other crypto assets, PAX is stable. PaxPay is holding an ICO for their PAX token which will launch on 04/24/18. Crypto Loans are the name of the game when it comes to BlockFi. Stablecoin issuer PAXOS recently introduced its first gold-backed cryptocurrency PAX Gold. The PAX Gold price is currently $ 1,850.13 with a 24-hour trading volume of $ 6.09M across 15 exchanges. In preparation for the PAX launch in Q4 of this year, we are going to collect Ethereum disbursement addresses from the contributors of the previous rounds of the Token Sale. Price chart, trade volume, market cap, and more. Statistics. Bittrex (paired with BTC, USDT). Like other crypto assets, it can move instantaneously, anywhere in the world, any time of any day, and it’s programmable. A USD Digital token is not itself a US dollar, but Paxos Trust Company, LLC is responsible for backing each token with a US dollar held in segregated accounts at FDIC-insured, U.S. … PAX is a digital dollar. Top 10 crypto coins to invest ; Bitcoin cash exchange; … Paxos team consists of seasoned professionals from diverse backgrounds, including former Wall Street and Silicon Valley employees. PAX Gold produces its own wallet software that is available for download on its website, which allows you to store PAX Gold on your computer. Today, Paxos Standard can be used to limit exposure to crypto-asset volatility, to remove cross-border transaction fees and to move between crypto-assets with ease or as payment for other blockchain-based assets. PAX Gold reached its highest price on October 4, 2019, when it was trading at its all-time high of $ 12,130. For the user, it becomes extreme KYC and verification steps that can take weeks to pass. Paxos issues and burns its tokens using an audited smart contract, inspected by smart contract auditor Nomic Labs. For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano X. Fetch.ai 24h $ 0.084271-2.95%. Some of them are: Binance (paired with BTC, USDT, ETH, XRP, EOS, XLM, BNB). Cloudbet, the #1 crypto sportsbook and casino adds PAX to its currency stable. 0x’s mission is … Founder Changpeng Zhao believes the PAX token, which won’t be affected by fluctuations, will help increase trading volumes on Binance. Download. In the future, Paxos Standard can be used for consumer payments, offering a stable store of value for those outside the United States that face currencies with unpredictable volatility. Tether Prints Another 60M USDT to Boost Choppy Bitcoin Markets. It’s going to be exciting! The stablecoin we’ll be looking at today is Paxos Standard (PAX), a token which the team describes as the world’s first regulated crypto asset. The same but reversed process is used to redeem PAX for USD. Follow. Bitrue (paired with BTC, ETH, USDT, XRP). English. As a regulated stablecoin collateralized by the U.S. dollar, it brings benefits of the blockchain technology and stability of fiat currencies together. 1h. For every one PAX being traded, there must be at least one US dollar in the Paxos bank accounts. Partnerships. Gain advanced PAX Gold insights with IntoTheBlock. Markets. In order to meet the high demand, numerous new stablecoins were launched by various companies in the second half of 2018. Discover how specific cryptocurrencies work — and get a bit of each crypto to try out for yourself. It is classified as Crypto 2.0 for a reason, so if you are interested in digital coins, get to know what is going on in the Ethereum ecosystem. Paxos Gold-backed Cryptocurrency. PAX tokens can however be redeemed in smaller amounts through participating gold retailers. Statistics. Skip to content. PAX Standard was established in the light of the infamous Tether controversy, where the leading market stablecoin has come under scrutiny for printing Tethers out of thin air during the early 2018 crypto market bull run. Another $10M Binance USD (BUSD) Issued to Calm Markets. PAX was developed as an Ethereum marker, written in accordance with the ERC-20 protocol. We’ll look at its history, the markets it operates in, its focus on following regulation and how it might be competing with the several other stablecoins in the market. … Gate.io (paired with USDT). Support Center. An ERC-20 USD stablecoin launched by the TrustToken project. The heart of Crypto.com is a mobile app, available for iOS and Android. It aims to meld the stability of the dollar with blockchain technology. PAX Gold gives access for crypto assets and provide flexibility in owning gold, as considering world transforming into digitalized world. is using that expertise to create a modern settlement solution that can eliminate risk and simplify settlements Trade Derivatives. PAX Gold looks to get an edge over the competition by being the only gold-backed crypto token regulated by an official department and audited by professionals. Therefore, it can be stored in any Ethereum wallet. all. Figure 1: Crypto pairs with the largest increases in March trading volume. USD Digital (represented in the Wallet as USD-D) is an ERC-20 token known as a stablecoin and is fully supported in the Blockchain.com Wallet. Briefly, this arbitrage type is earning profit from the discrepancy of the price of bitcoin or other cryptocurrencies offered in two different crypto marketplaces. PAX Gold (PAXG) is a digital asset where one token is backed by one fine troy ounce (t oz) of a 400 oz London Good Delivery gold bar, stored in Brink’s gold vaults. LONDON, Sept. 21, 2020 /CNW/ -- Celsius, the industry-leading cryptocurrency rewards-earning platform, announces today the addition of Paxos' PAX Gold (PAXG) token to the Celsius mobile app. PAX is an ERC-20 token issued on the Ethereum blockchain. January 07, 2021 16:15. Twitter Medium Facebook LinkedIn. 0x is an open protocol that enables the peer-to-peer exchange of assets on the Ethereum blockchain. If this is your first time purchasing PAX to your wallet (Ex: MyEtherWallet, MetaMask), ensure you have added the Paxos Standard token address. Mar 17, 2020 10 months ago. IntoTheBlock is an intelligence company that uses machine learning and statistical modeling to deliver actionable intelligence for crypto assets. Such recognition is very important and solidifies the trust of the crypto-trading community all over the world. OPSkins sells roughly 2 million digital items PER WEEK and is highly respected in the crypto community as it's among the top 5 largest e-commerce sites globally for accepting bitcoin. Unsere Räume; News. PAX Gold price (PAXG) PAX Gold is not supported by Coinbase. PaxPay PAX Token ICO Details. We will contact everyone via email and announce on all social media channels clear instructions on how to progress from thereon. Some of the advantages of the Paxos Standard ERC-20 token are listed below: The crypto-asset space is early in maturation, and initial use cases for PAX will be distinct from future use cases. USD. PAXG Exposure While OMG will give Kraken users an option to add a new altcoin to their digital asset portfolio, physical gold-backed PAXG will enable them to diversify their crypto portfolio by adding more secure and less … The PAXG price is up 0.15% in the last 24 hours. ABCC (paired with BTC, USDT). Despite a recent downturn for Bitcoin (BTC) and Bitcoin Cash (BCH), here’s why these crypto outliers are in the black. Markets. PayperEx – The world’s first alternative share market for Crypto and private companies based on blockchain technology. The minimal conversion amount starts at $100. Finance. It's a completely regulated and transparent digital dollar. The … Stablecoins were the buzzword in the second half of 2018 and, due to the volatility of the crypto market, are an important but equally controversial instrument for trading. Coinsuper (paired with USD, BTC). Price chart, trade volume, market cap, and more. CPDAX (paired with BTC). PAXG is a tokenized version of gold, with every token backed by one fine troy ounce (about 31 grams) of a 400 oz London Good Delivery gold bar. 24h. Pax Gold / PAXG. OKEx (paired with BTC, USDT). Hotbit (paired with BTC, USDT, ETH). Symbol: USDT. Paxos Standard is designed to have growing use cases. UEX (paired with BTC, USDT). Average … NMLS #1766787, Terms and Conditions | Privacy Policy | Cookie Policy, Review our auditing firm's monthly attestation reports, Learn more about Paxos Standard in our white paper. New Crypto Listings. A user sends USD to the token issuer's bank account. The most significant difference between PAX and its rivals are different partner organizations and more efficient operations due to its “processing windows.”. USD-backed ERC-20 token by Circle. Once a user has made a deposit, … USD Coin (USDC). In general, a stablecoin is a cryptocurrency asset designed to minimize the price volatility typically associated with cryptocurrencies. TrueUSD (TUSD). Paxos Standard (PAX) was built so that money can move fast. Source: Coin Metrics. Company. Binance Green Lights Another $5M of Its Stablecoin to Enter Markets. The PAX Gold price prediction sentiment is currently n/a. Secure your crypto assets such as Bitcoin, Ethereum, XRP, Monero and more. You simply cannot miss the Latest Ethereum News, therefore take a quick look and get prepared for the future of trading and transactioning. Further, we will give you a reasonable timeframe to send us your Ethereum address to receive … Mar 18, 2020 10 months ago. All of them are fully redeemable regulated ERC-20 tokens backed 1:1 which are backed by U.S. Paxos team sees a future in which blockchain isn’t a part of a major financial revolution, but an essential element of its evolution. What is Paxos Standard? The token can be allocated down to the serial number of each individual bar. Read More. It is backed 1:1 for the dollar and it’s issued by the Paxos Trust Company, so the funds are carefully protected, audited and regulated. IntoTheBlock is an intelligence company that uses machine learning and statistical modeling to deliver actionable intelligence for crypto assets. Paxos Standard Technical Details PAX Gold is a token that operates on the Ethereum blockchain and is backed by physical gold. It results in a steady cryptocurrency which offers: On top of that, every PAX token is fully backed by the equivalent amount of U.S. dollars, meaning it can also be redeemed for USD at any time. PAX Gold Price (PAXG). Individuals holding these tokens can redeem their value via a network of physical gold retailers around the world. The PAX Gold price is currently $ 1,850.13 with a 24-hour trading volume of $ 6.09M across 15 exchanges. Figure 1: Crypto pairs with the largest increases in March trading volume. It results in a steady cryptocurrency which offers: Markets. Like other crypto assets, it can move instantaneously, anywhere in the world, any time of any day, and it’s programmable. PaxPay is holding an ICO for their PAX token which will launch on 04/24/18. In the future, Paxos expects to become the crypto market leading coin. Secure your crypto assets such as Bitcoin, Ethereum, XRP, Monero and more. Each PAXG token is redeemable for 1 troy fine ounce of gold custodied in vaults by Paxos and its partners, and its market value is meant to mirror the physical gold it represents. PAX Token Address: 0x8e870d67f660d95d5be530380d0ec0bd388289e1. Market cap $ … The transferring PAXG is cheaper, highly secure and 24*7 instant transferable uses Ethereum Blockchain … The Paxos Trust Company goes back to 2012, initially … PAX transfers involving MMM "ponzi." Here's a brief overview of four different types of stablecoin projects: BitBay, another crypto stablecoin project, recently has shared an interesting crypto comparison matrix, which sheds some light on how the most popular stablecoin projects stack up. Withum, one of the top U.S. auditing companies, regularly verifies the reserves. Buy Crypto. Paxos describes itself as “the world’s first regulated crypto-asset”, which is fully secured 1:1 by the US dollar. The company is led by its co-founder and CEO Charles Cascarilla. The top exchanges for trading in PAX Gold are currently Binance, BitZ, FTX, Kraken, and HitBTC. PaxPay PAX Token ICO Details. A platform that has clearly identified a problem and has come up with an efficient solution is one we all need to be a part of. Prices. Follow us on Twitter or join our Telegram. Business. Like other stablecoins such as the US Dollar Coin, PAX seeks to combine the longstanding stability and reliability of the US dollar with the benefits of a digital currency. Explore PAX Gold. Data … Like other crypto assets, it can move instantaneously, anywhere in the world, any time of any day, and it’s programmable. PAX Gold price. 2). PAX Treasury. Share. Add to Watchlist. You will be able to purchase PAX with either Ethereum or NEO. Some of the latest announcements include PAX listing on Binance and partnerships with companies like Bitpay and Global Bitcoin Payment Service, and others. It has a circulating supply of 54,531 PAXG with a … Binance Lists PAX Gold (PAXG) Binance. PAXOS is a great Stablecoin. If this is your first time getting involved with Ethereum, you can find guidance in one of our quick Ethereum guides. In most cases, it will only take a few hours to take out a loan with BlockFi. OKCoin International (paired with USD). Paxos Standard (PAX) is a stablecoin that allows users to exchange US dollars for Paxos Standard Tokens to ‘transact at the speed of the internet’. In 2018, Paxos released Paxos Standard (PAX), a crypto asset backed 1:1 with a reserve of U.S. dollars stored by Paxos in U.S. bank accounts. PAX GOLD 24h $ 1,863.86 +4.06 +0.22%. Paxos Standard Token (PAX) is an ERC-20 token issued on Ethereum blockchain. Markets. In a press release published in September, the financial operator claimed that it’s “the first crypto-asset redeemable for physical gold.” According to the report, it is also the first regulated digital gold This makes the purchase and trading of gold faster and easier than even.� Gemini Dollar (GUSD). In the future, Paxos expects to be used for consumer payments and the stable store of value for people outside the U.S., especially in countries with unstable national currencies. One of them is the sub-account “Crypto Earn”. Paxos keeps on landing new partnerships with popular exchanges. The Paxos Standard Token (PAX) is an ERC20 token that is 100% backed by US dollars. PAX Gold Recent Tweets. Anyone who owns PAXG has ownership rights to that gold under the custody of Paxos Trust Company. Products. Bit-Z (paired with BTC, ETH, USDT). In a press release published in September, the financial operator claimed that it’s “the first crypto-asset redeemable for physical gold.” According to the report, it … Any provider that has implemented ERC-20 code can support the token on their platform, An open network enables use-cases impossible on a closed network, Users do not have to trust a given exchange to hold their token, Reduced liquidity risk – each user can redeem from our regulated trust which publicly ensures they have enough cash on hand. Celsius is the first platform ever to offer yield on the world's oldest store of value, and PAXG is the second gold-backed cryptocurrency to be added to … The cross-border approach is almost … It employs a similar model but has refused to conduct regular audits and provide credible attestations. The PAXG price is up 0.15% in the last 24 hours. USD-pegged regulated ERC-20 token issued by Gemini exchange. The ERC-20 standard specifies a set of standard functions to manage transactions and track account balances. Let’s start with the spatial method. Business. Crypto.com is intended to be a complete cryptocurrency platform, made up of many connected products and services. In a month when most of the crypto asset market was mired in red candles, Kraken traders may have noticed one notable exception, PAX Gold (PAXG). PAX Gold gives access for crypto assets and provide flexibility in owning gold, as considering world transforming into digitalized world. PAX Gold Price (PAXG). Unlike other crypto assets, PAX is stable. In the big picture, the company wants to improve the economic ecosystem by developing a global frictionless network for simple, mobile and instant exchange of assets. PAXG holders can now transfer their crypto to the Celsius app and earn up to 4.5% APY on their digital gold.. Celsius is the first platform ever to offer yield on the world's oldest store of value, and PAXG is the second gold … PAXG is now backed by gold secured in Brinks vaults and held in custody through the Paxos Trust Company. Crypto Loans. Paxos Standard Token (PAX) is a regulated ERC-20 stablecoin, which maintains 1:1 parity with the U.S. dollar. Paxos Gold (PAXG) is a crypto asset backed by real gold reserves held by Paxos, a for-profit company based in New York. Paxos Standard follows the ERC-20 protocol, which is a standard for smart contracts on the Ethereum blockchain. It has a circulating supply of 54,531 PAXG with a total supply of 2,410.00 PAXG. Gain advanced PAX Gold insights with IntoTheBlock. It's audited and regulated by New York's top financial regulators you can't get more legit then that. Data Accuracy and Transparency. “We added PAX as a stablecoin base pair because we believe it will help to increase overall liquidity of the crypto market,” said Changpeng Zhao, CEO of Binance. What is USD Digital (previously USD PAX)? For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano X. What is: Paxos Standard Token (PAX)? Dai (DAI). The company states that the gold is held in separate custody from its own assets, which means if the … PAX Gold has accreditation from the London Bullion Market Association, which also includes many of the largest financial institutions such as ICE, CME Group, BlackRock, Bank of America, Bank of China, JP … 0x / ZRX. Paxos Standard (PAX) is a stablecoin that allows users to exchange US dollars for Paxos Standard Tokens to 'transact at the speed of the internet'. “More trading pairs will be added soon.” The stablecoin we’ll be looking at today is Paxos Standard (PAX), a token which the team describes as the world’s first regulated crypto asset. It aims to meld the stability of the dollar with blockchain technology. Its team continuously works on new partnerships. The Paxos website emphasizes the following features of PAX: These features make PAX like the other recently emerged stablecoins - USD Coin (USDC), TrueUSD (TUSD) and Gemini Dollar (GUSD). A platform that has clearly identified a problem and has come up with an efficient solution is one we all need to be a part of. All the fresh stablecoin projects are designed to decrown the longstanding market leader Tether (USDT). It’s worthy to note the company doesn’t charge any fees for both converting and redeeming PAX tokens. PAX Gold can be transferred instantly, and the allocated ownership moves with the token transfer. Add to Watchlist. Paxos Standard Token (PAX) is an ERC-20 token issued on Ethereum blockchain. Get started. Although, the axes of “enforceability” and “decentralization” are vague. Get $167+ Sign in. Customer funds are held in segregated accounts at FDIC-insured, U.S.-domiciled banks. Every Paxos Standard token can be purchased and redeemed using Paxos.com. 1m. Read Whitepaper Source code Website Blockchain explorer PAX Gold Social Profiles. PAX Gold reached its highest price on October 4, 2019, when it was trading at its all-time high of $ 12,130. Announcement. Paxos Trust Company, LLC is also responsible for issuing and redeeming each token in exchange for $1.00 USD. Kraken bitcoin exchange jobs; Best broker crypto; Bitcoin to money exchange. Kucoin (paired with BTC, ETH). It is a fiat … Learn. PAXG is an ERC-20 token which means it can be stored in any Ethereum wallet. It’s a piece of our future vision for a frictionless, global economy, where all assets can move anywhere instantaneously, 24/7. 3). To earn a yield on PAX savings or access PAX loans from crypto collateral via cefi or defi platforms. Dollars, uses Ethereum smart contracts to issue and burn tokens, and are overseen by the U.S. auditors and regulators. Paxos Standard (PAX) combines US Dollar stability with the efficiency of blockchain technology, Instantly send and receive US dollars around the world, Move instantly between dollars and crypto, Enjoy the stability of the US dollar by converting your cash to PAX, Create account to convert US dollars to PAX and PAX to US dollars. 1y. Who Is The Team Behind Paxos? Users are able to deposit their cryptocurrency on the BlockFi platform in order to gain access to a collateralized loan. As a regulated stablecoin collateralized by the U.S. dollar, it brings benefits of the blockchain technology and stability of fiat currencies together. We’ll look at its history, the markets it operates in, its focus on following regulation and how it might be competing with the several other stablecoins in the market. DigiFinex (paired with USDT). Today, it’s primary use case is to limit crypto asset volatility, remove friction from cross-border transactions, and become a reliable payment vehicle for crypto assets and other blockchain assets. Standard: ERC20. LONDON, Sept. 21, 2020 /CNW/ -- Celsius, the industry-leading cryptocurrency rewards-earning platform, announces today the addition of Paxos' PAX Gold (PAXG) token to the Celsius mobile app. Earn up to $167 worth of crypto. Discover new cryptocurrencies to add to your portfolio. Earn crypto. PAX Gold is trusted and custody by New York Stake department of financial service. As a trust company with legal trustee authority, Paxos Trust Company is thus in a position to offer regulated services in the area of cryptocurrencies … Tether (USDT) Tether is the first well-known stablecoin which started in early 2015. The PAXG is full backed allocated gold that held in United Kingdom based Vault. Crypto arbitrage methods. PaxPay Conclusion. PAX’s immediate settlement and verifiable reserves have seen it gain rapid industry adoption that is now expanding through Paxos’s partnerships. It is backed 1:1 for the dollar and it’s issued by the Paxos Trust Company, so the funds are carefully protected, audited and regulated. Start earning The three main parts are: The Crypto.com app. However, according to U.S. Law, Paxos Standard isn’t a security. PAX is a digital dollar. You can find others listed on our crypto exchanges page. Besides, none of these platforms charge transaction/conversion fees (despite few exceptions). Share. 5,000,000 Binance USD (BUSD) Minted With the Help of Pax Treasury. And you can not … PAX is now listed on over 150 exchanges, OTC desks, and wallets including: Paxos Standard (PAX) was built so that money can move fast. If you enjoyed learning about PAX, you might continue exploring other stablecoins, like: Tether (USDT). LONDON, Sept. 21, 2020 /CNW/ -- Celsius, the industry-leading cryptocurrency rewards-earning platform, announces today the addition of Paxos' PAX Gold (PAXG) token to the Celsius mobile app. This currency is fully secured by the US dollar. In a month when most of the crypto asset market was mired in red candles, Kraken traders may have noticed one notable exception, PAX Gold (PAXG). 1w. Markets. Upon PAX token redemption, the tokens are immediately burned and taken out of the circulation. PAX Gold (PAXG) is an asset-backed token where one token represents one fine troy ounce of a London Good Delivery gold bar, stored in professional vault facilities. FCoin (paired with USDT). Mar 17, 2020 10 months ago. The PAX Gold price prediction sentiment is currently n/a. 1). Paxos Standard (PAX) is a stablecoin that allows users to exchange US dollars for Paxos Standard Tokens to ‘transact at the speed of the internet’. Price charts. Paxos has entered the crypto “bear market” and became one of the fastest growing stablecoins. The PAXG is full backed allocated gold that held in United Kingdom based Vault. © 2020 Paxos Trust Company, LLC All Rights Reserved. Feb … With this addition, Cloudbet offers yet another stablecoin - on top of USDT, USDC, PAXG and DAI - to choose to transact in, continuing its legacy of leading through innovation. Feb 24, 2020 10 months ago. It is fully collateralized 1:1 by the U.S. dollar, approved and regulated by the NYDFS, and enables instantaneous transactions. Discover new cryptocurrencies to add to your portfolio. PAX Gold produces its own wallet software that is available for download on its website, which allows you to store PAX Gold on your computer. The Crypto.com App has a lot of useful functions. The monthly attestation reports can be found here. It was issued by the Paxos Trust Company on September 14, 2018, and is regulated by the New York State Department of Financial Services (NYDFS). There are three approaches to performing arbitrage trading in the cryptocurrency world—they are cross-border, spatial, and statistical. Paxos Standard Tokens can also be exchanged using Paxos.com website. ZB.COM (paired with BTC, USDT, ETH, ETC, LTC). Currently, users are only able to borrow against their Bitcoin, Ether, or Litecoin holdings. Stablecoins such as USDT became the solution for giving investors and traders a stable medium to trade their crypto against. The only fundamentally different stablecoin within top 100 coins is DAI. 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